Skip to content
Checked.be
Complete company report
Generated 31-07-2026
Active BE 0546.715.853Private limited company (pre-2019)Open bankruptcy

As-38

· 12 yrs active
Director-ban signal, available with a subscription
We detected a link to a director ban for this company. The details concern private individuals and are reserved for subscribers.
Conclusion Checked

A bankruptcy procedure is open for As-38 according to publications in the Belgian State Gazette. The 2020 annual accounts show equity of €203k and a net result of €178k.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €203k
Net result €178k
Active 12 yrs
Locations 1
Snowflake analysis 5 axes · computed by Checked
Health23Profitability100Solvency100Growth85Stability0
62 / 100

Strong profile, led by profitability.

Health 23
Profitability 100
Solvency 100
Growth 85
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
50 / 100
High risk
Components
· Open bankruptcy (+50)
Trust signals 1 signals
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 0 events
No administrative flags
Health barometer FY 2020 · computed
23 / 100 Critical
050100

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview8 NBB filings
Annual accounts filed on 11-01-2022 with the NBB · fiscal year 2020 · volledig
€0€200k€400kRevenue 2018: €140k€140kOperating result 2018: €43k€43kNet result 2018: €43k€43kRevenue 2019: €433k€433kOperating result 2019: €32k€32kNet result 2019: €175k€175kOperating result 2020: €3k€3kNet result 2020: €178k€178k201820192020
RevenueOperating resultNet result
Revenue
€433k
+208.9% 18-20
Net profit
€178k
+1.6% 18-20
Total assets
€206k
-0.4% 18-20
Equity
€203k
+1.4% 18-20
Working capital
€112k
-28.4% 18-20
Debt
€3k
-52.4% 18-20
Debt ≤ 1y
€3k
-49.7% 18-20
Current ratio
34.02
+40.7% 18-20
Quick ratio
33.24
+39.7% 18-20
Solvency
98.4%
+1.9% 18-20
ROE
88.0%
+0.2% 18-20
ROA
86.5%
+2.1% 18-20
Net margin
40.5%
+33.1% 18-20
Figures by fiscal year
Fiscal year2020
Revenue-
EBITDA-
Net profit€178k
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€206k
Equity€203k
Debt€3k
of which ≤ 1y€3k
of which > 1y-
Working capital€112k
Employees (FTE)-
Ratios (computed)
2020
Current ratio34.02
Quick ratio33.24
Working capital ratio54.3%
Solvency98.4%
Debt / equity-
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA86.5%
ROE88.0%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2020
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2020
Balance sheet, Assets
TOTAL ASSETS 20/58€206k
Fixed assets 21/28€91k
Tangible fixed assets 22/27€91k
Financial fixed assets 28€50
Current assets 29/58€115k
Stocks & contracts in progress 3€3k
Amounts receivable within one year 40/41€34k
Cash & bank 54/58€37k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€206k
Equity 10/15€203k
Contributions / capital 10/11€24k
Accumulated profits (losses) 14€178k
Amounts payable 17/49€3k
Amounts payable within one year 42/48€3k
Trade debts payable within one year 44€1k
Income statement
Gross operating margin 9900€41k
Operating result 9901€3k
Result before taxes 9903€3k
Net result for the period 9904€3k
Result to be appropriated 9905€3k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates1 person
Role Name Tenure Source
Curator GUILLAUME CARION
RUE DU SONDART 21, 7500 TOURNAI- . Date provisoire de cessation de paiement : 30/05/2023
 30-05-2023 → present Belgian State Gazette
Legal Structure
NACE primary -
Legal form Private limited company (pre-2019)(015)
Incorporation19-02-2014
StatusActive
Postal code-
First BS signal 05-06-2023
Latest BS signal 05-06-2023
Company structure, linked entities1 linked entities
As-38BE 0546.715.853GUILLAUME CARIONReceiver
Mandates
Establishment units 1 location
As-38
Chaussée de Jolimont(PIE) 94, 7100 La LouvièreRuimen van bouwterreinen
since 20142.227.141.180
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
55015A0043/00P000 Wallonia 536 m² 1 · 98 m² 10.3 m · 3 fl.
51024A0085/00A003 Wallonia 135 m² 1 · 98 m² 10.4 m · 3 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2023
05-06-2023
Bankruptcy Opening
Tribunal de l’entreprise du Hainaut, division Tournai · AS-38 SPRL RUE DES BENEDIC- TINES 6/B, 7822 GHISLENGHIEN · event 30-05-2023
2022
04-10-2022
State Gazette act Capital & shares
24-05-2022
State Gazette act Capital & shares
11-01-2022
NBB filing Annual accounts filed
fiscal year 2020 · volledig
2021
09-04-2021
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2020
06-10-2020
NBB filing Annual accounts filed
fiscal year 2018 · volledig
2019
17-09-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
29-08-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
30-08-2017
NBB filing Annual accounts filed
fiscal year 2016 · micro
2016
29-08-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2015
27-08-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
Lifecycle & Insolvency Signals 1 events
05-06-2023
Bankruptcy Opening
Date: 30-05-2023 · Tribunal de l’entreprise du Hainaut, division Tournai · AS-38 SPRL RUE DES BENEDIC- TINES 6/B, 7822 GHISLENGHIEN · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262023-06-05 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 2 acts
Capital history · 2
04-10-2022
Capital change
24-05-2022
Capital change
All acts · 2 updated 3 years ago
2022
04-10-2022 Transaction in capital or shares Capital & shares
Technical details 
{
  "events": [
    {
      "kind": "share_transfer",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "subscribers": [
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "AHMADZAI Basir",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": 100,
          "contribution_amount_eur": null
        }
      ],
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2022-10-04",
    "filing_date": "2022-09-03",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
    "body": "algemene_vergadering",
    "act_date": "2022-06-30",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2022-06-30"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0546.715.853",
    "name_full": "As-38",
    "legal_form": "Soci\u00E9t\u00E9 priv\u00E9e \u00E0 responsabilit\u00E9 limit\u00E9e",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "AHMADZAI Basir",
      "role": "g\u00E9rant_statutaire",
      "n_shares": 100,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
24-05-2022 All shares are now held by a single shareholder Capital & shares
Technical details 
{
  "events": [
    {
      "kind": "eenhoofdigheid_declaration",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2022-05-24",
    "filing_date": "2022-05-17",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "act_date": "2022-05-12",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2022-05-12"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0546.715.853",
    "name_full": "As-38",
    "legal_form": "Soci\u00E9t\u00E9 \u00E0 responsabilit\u00E9 limit\u00E9e",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "Sarikaya Serap",
      "role": "g\u00E9rant_statutaire",
      "n_shares": null,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
AI-generated from Checked data; indicative, not legal or investment advice.
Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameFR As-38
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative